It's two-thirds of our economy, and we're making the bet that the consumer confidence is going to pull back,
More Quotes from David Beard:
Even for a professional, it's difficult to get your hands around the information. It's difficult for everyone.David Beard
Typically in bear markets, you have rallies. However, I tend to think we have put in a bottom and will keep rallying from here.
David Beard
We think pricing is going to be up in mid-single digits as early as June. People are not really looking at this at all. And historically, if you look at a price to sales multiple, this stock can trade as high as 40-to-50 (per share),
David Beard
You have to take the actual numbers and the guidance and combine the two. I tend to think if the high pe (price-to-earnings ratio) stocks have a weak quarter, and even if they have ok guidance, they're going to get killed. But if there are cheap tech stocks that have a weak quarter and so-so guidance, they're probably the ones to buy first.
David Beard
As long as the numbers are within expectations, it's going to be a win-win situation. If the economy is a little bit weaker than we think, that's good because that means the Fed will keep cutting. If the economic data is a little bit better than we think, that's good too because that means companies won't miss numbers.
David Beard
You're still seeing people like Compaq worried about the quarter so you're seeing more pressure on high multiple stocks. The market is still trying to find a bottom but selling on continued fears of warnings.
David Beard
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